BSECompany Update23h ago · 26 Oct 2026, 08:05 pm
Tamilnad Mercantile Bank Limited has informed the Exchange regarding a press release dated October 26, 2026, titled Unaudited Financial Results of the Bank for the Quarter and Half Year Ended September 30, 2026".
Tamilnad Mercantile Bank Ltd · 543596
✦ AI Summary▲ PositiveResults
Tamilnad Mercantile Bank Ltd has announced its unaudited financial results for the quarter and half-year ended September 30, 2026, showing a 27.25% year-on-year growth in total business, 25.49% growth in deposits, and a 42.09% surge in net profit to ₹451 Crore.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Tamilnad Mercantile Bank Ltd - 543596 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Secretarial Section
Head Office, 57- V.E. Road,
Thoothukudi – 628 002.
☏: 0461-2325136
e-mail : secretarial@tmb.bank.in
CIN: L65110TN1921PLC001908
Ref.No.TMB.SE.85/2026-27
26.10.2026
The Manager The Manager
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers,
'G' Block, Bandra - Kurla Complex, Dalal Street,
Bandra (East), Mumbai - 400 051. Mumbai – 400 001.
Ref: Symbol: TMB / Scrip Code: 543596
Dear Sir/Madam,
Sub: Press Release – Q2 Results
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we are enclosing the Press Release made by the Bank titled – “Unaudited Financial Results
of the Bank for the quarter and half-year ended September 30, 2026”
Kindly take the information on record.
Yours faithfully,
For Tamilnad Mercantile Bank Limited
Swapnil Yelgaonkar
Company Secretary & Compliance Officer
R egd. Office
5 7, V.E. Road,
Thoothukudi - 628 002
Tamilnad Mercantile Bank Ltd.,
Customer Value Enhancement Department,
Head Office, Thoothukudi
PRESS R ELEASE
Date: 26.10.2026
Place: Thoothukudi
Unaudited Financial Results of the Bank for the Quarter Ended / Half Year Ended
September 30, 2026
Tamilnad Mercantile Bank Ltd (TMB), one of the renowned Old Private Sector Banks,
having its headquarters in Thoothukudi has a long-cherished history of 105 years of
eventful existence with strong fundamentals and an enviable track record of continuous
profit making in the industry.
TMB is having pan India presence with 631 branches and 13 Regional Offices across 17
states and 4 Union Territories and serves more than 5.3 million satisfied customers.
The Board of Directors of Tamilnad Mercantile Bank Ltd has approved the Unaudited
Financial Results of the Quarter Ended / Half Year Ended September 30,2026 in their
meeting held at Thoothukudi on 26.10.2026. Shri. Salee S Nair, Managing Director and
CEO of the Bank declared the results. The Chief Financial Officer, Executive Vice
Presidents and other senior officials of the Bank were also present in the event.
Shri. Salee S Nair, MD & CEO, Tamilnad Mercantile Bank Ltd said, “Our performance in
Q2 FY2027 reflects the strength of our core banking business, with retail banking
continuing to be a key contributor and business gaining momentum overall. As we enter
the festive season, we see opportunities to support increased business activity across the
markets we serve, particularly among traders and MSMEs preparing for higher inventory
requirements and working capital needs. With our deep understanding of local businesses
and customer relationships built over decades, we are well positioned to support these
evolving credit requirements while continuing to serve the financial needs of households.
Going forward, our focus will be on building this business momentum, expanding our reach
and ensuring that growth is supported by sound underwriting and a sustained commitment
to customer service.”
The Bank continues to post strong performance in all fundamental parameters.
Bank’s Performance Highlights for Q2 FY2027 (YoY)
Total Business grew by 27.25%, highest year on year growth since listing of the
Bank.
Deposits grew by 25.49 % on YoY basis, deposits has increased to ₹69546 Crore
(PY ₹55421 Crore)
The Bank’s CASA has increased to ₹17629 Crore (PY ₹15163 Crore)
The advance level of the Bank has increased to ₹60691 Crore with a growth rate
of 29.32% on YOY basis.
Lowest GNPA in the last 10 years at 0.61%
Page 1 of 2
(₹ in Crore)
Parameters September 2026 (Q2) September 2025 (Q2) Growth – YoY %
Total Deposits 69546 55421 25.49%
Total Advances 60691 46930 29.32%
CASA 17629 15163 16.26%
Total Business 130237 102351 27.25%
Retail, Agri & MSME (RAM) 57247 44392 28.96%
Net Profit 451 318 42.09%
Networth 10769 9444 14.03%
Book Value (₹) 680.09 596.38 14.03%
ROA % 2.18 1.85 33 bps
ROE % 16.92 13.77 315 bps
Gross NPA(%) 0.61 1.01 -40 bps
Net NPA(%) 0.14 0.26 -12 bps
EPS (₹) (Not Annualised) 28.49 20.05 ₹8.44
CRAR % 32.39 30.96 143 bps
Net profit has surged to ₹451 Crore from ₹318 Crore, up by 42.09%.
Net NPA has decreased to 0.14% from 0.26%, improved by 12 bps.
PCR (without technical write-off) has improved to 77.49% from 74.36%
Total SMA to Gross Advances has reduced to 1.67% from 2.67%, improved by 100
bps.
The CRAR % has increased to 32.39% from 30.96 %, improved by 143 bps.
Book value of share has increased to ₹680.09 from ₹596.38
The Net Interest Income is at ₹807 Crore for the quarter Q2FY27 as against
₹597 Crore for Q2FY26 registering a growth rate of 35.17%.
The Bank’s Networth has increased to ₹10769 Crore (PY ₹9444 Crore) with an
absolute rise of ₹1325 Crore registering a growth rate of 14.03%.
The RAM segment has increased to 28.96% in Q2FY27 as against Q2FY26.
New Branch Opening
The Bank opened 3 New Branches during Q2FY27.
The Bank remains committed in delivering value to its stakeholders.
Page 2 of 2
Regd. Office
57, V.E. Road,
Thoothukudi - 628002
த(cid:3032)ழ்நா(cid:3012) ெமரக் ்கன்ைடல் வங்(cid:2996) (cid:3047)ட்.,
வா(cid:3010)க்ைகயாளர் ம(cid:3018)ப்(cid:3030) ேமம்பாட(cid:3012)் த் (cid:3020)ைற,
தைலைம அ(cid:3049)வலகம், (cid:3021)த்(cid:3020)க்(cid:2998)(cid:3010)
பத்(cid:3018)ரிக்ைகப் (cid:3028)ர(cid:3006)ரம்
நாள் : 26.10.2026
இடம் : (cid:3021)த்(cid:3020)க்(cid:2998)(cid:3010)
மற்(cid:3045)ம் அைரயாண் (cid:3012) நி(cid:3018)நிைல அ(cid:3043)க்ைக – 30.09.2026
த(cid:3032)ழ்நா(cid:3012) ெமரக் ்கன்ைடல் வங்(cid:2996) (cid:3047)(cid:3032)ெடட் (TMB), (cid:3021)த்(cid:3020)க்(cid:2998)(cid:3010)ைய தைலைம(cid:3036)டமாகக்
105 ஆண் (cid:3012)கால (cid:3004)றப்(cid:3030)(cid:3032)க்க வரலாற்ைற(cid:3038)ம், வ(cid:3047)ைமயான அ(cid:3010)ப்பைடக்
ஈட்(cid:3010)வ(cid:3040)ம் (cid:3004)றப்பான சாதைனையப் பைடத்(cid:3020)ள்ள(cid:3020).
அ(cid:3049)வலகங்க(cid:3052)டன் அ(cid:2996)ல இந்(cid:3018)ய அள(cid:3059)ல் இயங்(cid:2996) வ(cid:3040)(cid:2996)ற(cid:3020). ேம(cid:3049)ம் 53 லட்சத்(cid:3018)ற்(cid:2998)ம்
ேமற்பட்ட (5.3 (cid:3032)ல்(cid:3047)யன்) (cid:3018)(cid:3040)ப்(cid:3018)யான வா(cid:3010)க்ைகயாளரக் (cid:3052)க்(cid:2998)ச ் ேசைவ (cid:3030)ரிந்(cid:3020)
வ(cid:3040)(cid:2996)ற(cid:3020).
த(cid:3032)ழ்நா(cid:3012) ெமரக் ்கன்ைடல் வங்(cid:2996)(cid:3036)ன் இயக்(cid:2998)நரக் ள் (cid:2998)(cid:3057), ெசப்டம்பர ் 30, 2026 அன்(cid:3045)
(cid:3034)(cid:3010)(cid:3061)கைள, 26.10.2026 அன்(cid:3045) (cid:3021)த்(cid:3020)க்(cid:2998)(cid:3010)(cid:3036)ல் நைடெபற்ற (cid:2999)ட்டத்(cid:3018)ல் அங்(cid:2997)கரித்த(cid:3020).
வங்(cid:2996)(cid:3036)ன் நிரவ் ாக இயக்(cid:2998)நர ் மற்(cid:3045)ம் தைலைம ெசயல் அ(cid:3018)காரி (cid:3018)(cid:3040). ச(cid:3048) எஸ் . நாயர ்
அவரக் ள் இந்த (cid:3034)(cid:3010)(cid:3061)கைள ெவளி(cid:3036)ட்டார.் இந்நிகழ்ச(cid:3004)் (cid:3036)ல் தைலைம நி(cid:3018) அ(cid:3018)காரி,
ெசயல் (cid:3020)ைணத் தைலவரக் ள் மற்(cid:3045)ம் வங்(cid:2996)(cid:3036)ன் (cid:3028)ற (cid:3035)த்த அ(cid:3018)காரிக(cid:3052)ம்
(cid:3018)(cid:3040). ச(cid:3048) எஸ் . நாயர,் MD & CEO, த(cid:3032)ழ்நா(cid:3012) ெமரக் ்கன்ைடல் வங்(cid:2996) (cid:3047)(cid:3032)ெடட ்
ெதரி(cid:3059)க்ைக(cid:3036)ல்:
“2026–27ஆம் நி(cid:3018)யாண் (cid:3010)ன் இரண் டாவ(cid:3020) காலாண் (cid:3010)ல் எங்கள் வங்(cid:2996)(cid:3036)ன் ெசயல்பா(cid:3012),
எங்கள(cid:3020) அ(cid:3010)ப்பைட வங்(cid:2996)ச ் ேசைவகளின் வ(cid:3047)ைமையப் (cid:3028)ர(cid:3018)ப(cid:3047)க்(cid:2996)ற(cid:3020). (cid:3004)ல்லைற
Page 1 of 4
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வணிகங்கள் (cid:2998)(cid:3043)த்த எங்கள(cid:3020) ஆழமான (cid:3030)ரித(cid:3049)ம், பல ஆண் (cid:3012)களாக
வா(cid:3010)க்ைகயாளரக் (cid:3052)டன் ஏற்ப(cid:3012)த்(cid:3018)(cid:3038)ள்ள வ(cid:3049)வான உற(cid:3061)க(cid:3052)ம், அவரக் ளின் வளரந் ்(cid:3020)
ேசைவப் பரப்ைப (cid:3059)ரி(cid:3061)ப(cid:3012)த்(cid:3020)தல், (
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